Dragon Mining (HKSE:01712) Receivables Turnover : 24.11 (As of Dec. 2024)

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What is Dragon Mining Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Dragon Mining's Revenue for the six months ended in Dec. 2024 was HK$207.4 Mil. Dragon Mining's average Accounts Receivable for the six months ended in Dec. 2024 was HK$8.6 Mil. Hence, Dragon Mining's Receivables Turnover for the six months ended in Dec. 2024 was 24.11.

Dragon Mining Receivables Turnover Historical Data

The historical data trend for Dragon Mining's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dragon Mining Receivables Turnover Chart

Dragon Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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15.46

11.90

18.40

23.27

39.81

Dragon Mining Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															14.64	16.58	12.22	11.07	24.11

Competitive Comparison of Dragon Mining's Receivables Turnover

For the Gold subindustry, Dragon Mining's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dragon Mining's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Dragon Mining's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dragon Mining's Receivables Turnover falls into.

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Dragon Mining Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Dragon Mining's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	358.413	/ (	(14.773	+	3.234)	/	2 )
=	358.413	/	9.0035
=	39.81

Dragon Mining's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	207.386	/ (	(13.971	+	3.234)	/	2 )
=	207.386	/	8.6025
=	24.11

Dragon Mining (HKSE:01712) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Dragon Mining Receivables Turnover Related Terms

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Dragon Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dragon Mining Ltd (HKSE:01712) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

39 Mends Street, Unit 202, Level 2, South Perth, Perth, WA, AUS, 6151

Website

https://www.dragonmining.com

Dragon Mining Ltd is principally engaged in gold exploration, mining, and processing in the Nordic region. The company's operating segments are Sweden and Finland. Dragon Mining (Sweden) AB produces gold bullion from the Svartliden Production Centre and processed ore from test-mining activities at the Faboliden Gold Mine. Dragon Mining Oy in Finland produces gold concentrate from the Vammala Production Centre and processed ore from the Jokisivu, Kaapelinkulma, and Orivesi Gold Mines. It operates in Sweden and England, out of which it derives maximum revenue from Sweden.

Executives

Allied Group Limited
Apac Resources Limited
Lee Seng Hui
Lee Seng Huang
Lee Su Hwei
Sincere View International Limited	2101 Beneficial owner
Hon Kwok Lung	2201 Interest of corporation controlled by you
Lam Suk Ying	2202 Interest of your spouse
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you
Sincere View International Ltd.	2101 Beneficial owner
Allied Properties Overseas Limited
Allied Properties Resources Limited
Minty Hongkong Limited

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